Pepe/Tether USDt Market Overview (2025-09-10)

• Price surged 5.3% on heavy volume and bullish breakouts
• RSI hit overbought levels, signaling potential pullback
• Bollinger Bands widened, indicating heightened volatility
• Volume and turnover trended higher with price

Pepe/Tether USDt (PEPEUSDT) opened at $0.00001019 and closed at $0.00001038 in the last 24-hour period, with a high of $0.00001061 and a low of $0.00001014. The pair saw a total volume of 3.322e+12 and notional turnover of $34.14 million, showing strong buying pressure and volatility.

Structure & Formations

The candlestick pattern over the past 24 hours reveals a strong bullish bias, with several bullish engulfing patterns and a distinct rejection at the lower end of the Bollinger Band. Key support levels have held at around $0.00001014–$0.00001017, while resistance emerged near $0.00001050–$0.00001060. A doji formed at the peak of the rally near $0.00001061, suggesting potential indecision or a possible consolidation phase ahead.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended higher, with the price consistently above both, reinforcing the bullish momentum. On a daily basis, the 50-day, 100-day, and 200-day moving averages also trended upward, indicating sustained bullish sentiment across timeframes.

MACD & RSI

The MACD remained in positive territory with a growing histogram, showing increasing bullish momentum. The RSI surged above 70 for most of the trading session, indicating overbought conditions and raising the likelihood of a near-term consolidation or pullback. However, as long as the RSI stays above 50 and the MACD remains positive, the trend remains intact.

Bollinger Bands

Bollinger Bands expanded significantly during the rally, with the price breaking through the upper band multiple times. The volatility spike indicates a strong move, but with the RSI overbought and the doji formation at the top, traders may see a retest of the lower band before a new breakout.

Volume & Turnover

Volume and notional turnover increased steadily throughout the session, with a major spike seen around $0.00001050 and $0.00001060. The correlation between rising price and rising turnover suggests strong conviction rather than profit-taking or wash trading. However, a divergence between volume and price in the last few hours may hint at early signs of exhaustion.

Fibonacci Retracements

Fibonacci retracements applied to the recent swing from $0.00001014 to $0.00001061 show key levels at $0.00001038 (38.2%) and $0.00001053 (61.8%). The price has been consolidating near the 38.2% level, which could serve as a pivot point for further movement, either upward or downward.

Backtest Hypothesis

A backtest strategy could focus on buying on a breakout of the 38.2% Fibonacci level with a stop loss below the 12:00 ET open. The use of MACD crossover and RSI divergence could refine entry and exit points, potentially capitalizing on the momentum seen in the 15-minute timeframe. This strategy aligns with the observed bullish momentum and volume confirmation but should be tested against historical data for accuracy.